Ayala North Exchange Tower 1, Ayala Avenue corner Salcedo St.

, Legaspi Village, Makati City

www.bpi.com.ph

BALANCE SHEET CONSOLIDATED BALANCE SHEET

(Head Office and Branches) (Bank and Financial Subsidiaries)
As of December 31, 2019 As of December 31, 2019

Current Quarter Previous Quarter Current Quarter Previous Quarter

ASSETS ASSETS
Cash and Cash Items P 45,981,595,631.98 27,683,340,317.74 Cash and Cash Items P 47,255,906,184.14 28,728,531,141.86
Due from Bangko Sentral ng Pilipinas 181,814,675,245.77 180,401,332,782.32 Due from Bangko Sentral ng Pilipinas 207,544,843,493.11 196,224,685,169.78
Due from Other Banks 18,375,456,000.10 7,799,415,409.14 Due from Other Banks 21,626,056,036.99 12,101,191,882.73
Financial Assets at Fair Value through Profit or Loss 17,651,962,560.47 24,276,429,369.46 Financial Assets at Fair Value through Profit or Loss 24,071,154,740.75 29,544,901,340.29
Available-for-Sale Financial Assets-Net 47,228,168,834.10 74,008,223,751.24 Available-for-Sale Financial Assets-Net 52,646,475,023.86 77,702,329,147.14
Held-to-Maturity (HTM) Financial Assets-Net 248,650,985,648.66 260,831,289,197.74 Held-to-Maturity (HTM) Financial Assets-Net 271,389,523,551.51 285,168,290,488.14
Loans and Receivables-Net 1,243,317,153,608.75 1,155,909,969,212.51 Loans and Receivables-Net 1,489,869,874,966.38 1,406,044,515,130.24
Interbank Loans Receivable 1,411,387,821.74 13,817,109,004.53 Interbank Loans Receivable 3,283,385,596.90 16,113,883,422.59
Loans and Receivables-Others 1,231,719,907,741.08 1,136,032,701,584.88 Loans and Receivables-Others 1,476,342,590,312.83 1,375,268,967,030.95
Loans and Receivables Arising from RA/CA/PR/SLB 16,947,134,464.00 13,800,000,000.00 Loans and Receivables Arising from RA/CA/PR/SLB 20,306,298,616.00 25,750,000,000.00
General Loan Loss Provision 6,761,276,418.07 7,739,841,376.90 General Loan Loss Provision 10,062,399,559.35 11,088,335,323.30
Other Financial Assets 11,093,711,891.91 8,683,214,636.94 Other Financial Assets 13,765,525,573.09 11,105,800,731.94
Equity Investment in Subsidiaries, Associates Equity Investment in Subsidiaries, Associates
and Joint Ventures-Net 61,492,027,005.23 60,264,829,488.54 and Joint Ventures-Net 10,401,648,508.08 10,295,201,104.68
Bank Premises, Furniture, Fixture and Equipment-Net 16,735,907,455.61 16,191,729,550.07 Bank Premises, Furniture, Fixture and Equipment-Net 19,607,229,322.39 19,025,328,266.77
Real and Other Properties Acquired-Net 268,575,229.86 292,143,101.58 Real and Other Properties Acquired-Net 2,114,791,486.01 2,184,943,183.74
Non-Current Assets Held for Sale 25,764,688.26 39,786,336.24 Non-Current Assets Held for Sale 272,177,909.85 363,287,640.17
Other Assets-Net 19,988,673,225.40 26,464,276,967.50 Other Assets-Net 28,060,909,160.77 35,367,682,720.12
TOTAL ASSETS P 1,912,624,657,026.10 1,842,845,980,121.02 TOTAL ASSETS P 2,188,626,115,956.93 2,113,856,687,947.60

LIABILITIES LIABILITIES
Financial Liabilities at Fair Value through Profit or Loss P 2,813,999,321.10 2,947,509,375.82 Financial Liabilities at Fair Value through Profit or Loss P 2,813,999,321.10 2,947,509,375.82
Deposit Liabilities 1,457,217,705,975.28 1,379,561,871,050.27 Deposit Liabilities 1,697,300,337,920.15 1,621,883,204,578.76
Due to Other Banks 528,245,356.38 322,368,195.79 Due to Other Banks 528,245,356.38 322,368,195.79
Bills Payable 51,065,618,443.19 63,004,110,377.21 Bills Payable 62,783,329,108.47 75,230,298,110.77
a) BSP (Rediscounting and Other Advances) - 26,808,350,400.00 a) BSP (Rediscounting and Other Advances) - 26,808,350,400.00
b) Interbank Loans Payable 27,168,897,428.77 36,195,759,977.21 b) Interbank Loans Payable 29,458,247,755.60 38,284,075,462.19
c) Other Deposit Substitute 23,896,721,014.42 - c) Other Deposit Substitute 23,984,031,935.76 228,054,645.87
d) Others - - d) Others 9,341,049,417.11 9,909,817,602.71
Bonds Payable-Net 75,463,468,941.41 76,572,578,537.96 Bonds Payable-Net 84,973,196,821.02 76,572,578,537.96
Other Financial Liabilities 22,957,128,224.95 18,291,301,410.24 Other Financial Liabilities 27,673,690,861.51 23,361,698,032.75
Other Liabilities 35,600,258,579.57 36,790,628,076.42 Other Liabilities 43,848,929,250.18 46,491,874,090.48
TOTAL LIABILITIES P 1,645,646,424,841.88 1,577,490,367,023.71 TOTAL LIABILITIES P 1,919,921,728,638.81 1,846,809,530,922.33

STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY

Capital Stock P 119,367,764,470.44 119,287,695,356.17 Capital Stock P 119,367,764,470.44 119,287,695,356.17
Other Capital Accounts 25,327,800,755.11 19,774,188,216.81 Other Capital Accounts 25,305,896,979.53 19,756,093,080.22
Retained Earnings 122,282,666,958.67 126,293,729,524.33 Retained Earnings 122,381,172,492.99 126,392,235,058.65
Minority Interest in Subsidiaries 1,649,553,375.16 1,611,133,530.23
TOTAL STOCKHOLDERS' EQUITY P 266,978,232,184.22 265,355,613,097.31 TOTAL STOCKHOLDERS' EQUITY P 268,704,387,318.12 267,047,157,025.27
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY P 1,912,624,657,026.10 1,842,845,980,121.02 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY P 2,188,626,115,956.93 2,113,856,687,947.60

CONTINGENT ACCOUNTS CONTINGENT ACCOUNTS

Guarantees Issued P 716,553,912.43 566,216,078.58 Guarantees Issued P 716,553,912.43 566,216,078.58
Financial Standby Letters of Credit 9,609,091,261.76 9,262,825,594.77 Financial Standby Letters of Credit 9,609,091,261.76 9,262,825,594.77
Performance Standby Letters of Credit 5,054,594,610.55 4,652,915,149.37 Performance Standby Letters of Credit 5,054,594,610.55 4,652,915,149.37
Commercial Letters of Credit 10,708,415,627.38 9,944,217,763.50 Commercial Letters of Credit 10,708,415,627.38 9,944,217,763.50
Trade Related Guarantees 2,311,863,915.15 1,987,371,617.08 Trade Related Guarantees 2,311,863,915.15 1,987,371,617.08
Commitments 112,171,590,326.14 113,349,501,754.42 Commitments 114,060,986,391.28 115,445,877,463.18
Spot Foreign Exchange Contracts 9,749,271,291.23 32,123,777,433.09 Spot Foreign Exchange Contracts 9,749,271,291.23 32,123,777,433.09
Trust Department Accounts - - Trust Department Accounts 730,897,484,460.09 713,999,552,682.25
a) Trust and Other Fiduciary Accounts - - a) Trust and Other Fiduciary Accounts 456,916,676,117.13 446,834,624,405.46
b) Agency Accounts - - b) Agency Accounts 273,980,808,342.96 267,164,928,276.79
Derivatives 424,125,995,881.97 433,196,873,046.08 Derivatives 424,138,520,363.97 433,208,950,553.58
Others 46,336,319,491.13 45,803,447,667.80 Others 147,370,516,472.19 146,430,075,023.74
TOTAL CONTINGENT ACCOUNTS P 620,783,696,317.74 650,887,146,104.69 TOTAL CONTINGENT ACCOUNTS P 1,454,617,298,306.03 1,467,621,779,359.14

ADDITIONAL INFORMATION ADDITIONAL INFORMATION

Gross total loan portfolio (TLP) P 1,261,803,402,009.83 1,173,802,253,523.41 1. List of Financial Allied Subsidiaries (excluding Subsidiary Insurance Companies)
Specific allowance for credit losses on the TLP 11,724,971,983.01 10,152,442,934.00 1. BPI Family Savings Bank, Inc.
Non-Performing Loans (NPLs) 2. BPI Capital Corporation
a. Gross NPLs 12,222,967,100.21 12,129,686,802.76 3. BPI Direct BanKo Inc., A Savings Bank
b. Ratio of gross NPLs to gross TLP 0.97% 1.03% 4. BPI Century Tokyo Lease & Finance Corporation
c. Net NPLs 4,495,135,565.55 4,786,352,112.80 5. BPI Payments Holdings, Inc.
d. Ratio of Net NPLs to gross TLP 0.36% 0.41% 6. BPI Express Remittance Corp., USA
e. Ratio of total allowance for credit losses 7. BPI Foreign Exchange Corporation
to gross NPLs 151.24% 147.51% 8. BPI International Finance Limited
f. Ratio of specific allowance for credit losses 9. BPI Europe, PLC
on the gross TLP to gross NPLs 95.93% 83.70% 10. BPI Investment Management Inc.
Classified Loans & Other Risk Assets, 11. BPI Asset Management and Trust Corporation
gross of allowance for credit losses 14,306,107,796.42 15,897,732,590.08 12. BPI Remittance Center HK (Ltd)
DOSRI Loans and receivables,
gross of allowance for credit losses 10,024,236,565.93 10,146,072,223.33
Ratio of DOSRI loans and receivables, 2. List of Subsidiary Insurance Companies
gross of allowance for credit losses, to gross TLP 0.79% 0.86% 1. BPI/MS Insurance Corporation
Gross non-performing DOSRI loans and receivables 318,585.36 190,988.79 2. FGU Insurance Corporation
Percent Compliance with Magna Carta 3. Ayala Plans, Inc.
a. 8% for Micro and Small Enterprises 2.45% 2.74%
b. 2% for Medium Entreprises 4.23% 4.38%
Return on Equity (ROE) 11.11% 11.42%
Capital Adequacy Ratio (CAR) on Solo Basis, 3. Capital Adequacy Ratio (CAR) on Consolidated Basis,
as prescribed under existing regulations as prescribed under existing regulations
a. Total CAR 14.94% 15.98% a. Total CAR 16.07% 16.91%
b. Tier 1 Ratio 14.08% 15.10% b. Tier 1 Ratio 15.17% 16.01%
c. Common Equity Tier 1 Ratio 1/ 14.08% 15.10% c. Common Equity Tier 1 Ratio 1/ 15.17% 16.01%
Leverage Ratio 10.06% 10.52% Leverage Ratio 10.70% 11.10%
Liquidity Coverage Ratio 168.13% 187.52% Liquidity Coverage Ratio 167.02% 181.48%
1/ 1/
Common Equity Tier 1 is only applicable to all Universal and Commercial Banks and their subsidiary banks. Common Equity Tier 1 is only applicable to all Universal and Commercial Banks and their subsidiary banks.

We hereby certify that all matters set forth in this Published Balance Sheet are true and correct, to the best of our We hereby certify that all matters set forth in this Consolidated Balance Sheet are true and correct, to the best of our
knowledge and belief. knowledge and belief.

MARIA THERESA M. JAVIER CEZAR P. CONSING MARIA THERESA M. JAVIER CEZAR P. CONSING
Executive Vice President President Executive Vice President President

Member: Philippine Deposit Insurance Corporation. Maximum deposit insurance for each depositor is P500,000.